In case you missed it, you can listen to the roundtable recording here:
Nine out of ten startups that sign up for Blitzscaling fail. They become zombie startups. They cannot raise new rounds of financing. They cannot find an Exit either. They just sit there, feeling like failures. Even if they have built $10M in profitable revenue.
There is a Twilight Zone in which many venture funded startups exist. The company isn’t growing at a high velocity. No further financing is viable. No exit is viable either. What happens to such startups? And how do you avoid becoming one of these walking deads?
There is too much money chasing too few venture scale deals. As a result, sometimes, VCs fund deals that should not be funded to appease their Limited Partners. And then, they drive these ventures to failure. Let me explain. Let us say, you have been successful in raising $5M in venture capital.
I want to share with you an observation from running the 1Mby1M program since 2008. Almost 700 free mentoring roundtables with over 300k entrepreneurs. Thousands of case studies of successful entrepreneurs – the who’s who of tech startups – through interview based methodology development. Thousands and thousands of premium member coaching sessions. Some entrepreneurs are
SoPost Founder and CEO Jonathan Grubin started as a solo entrepreneur, bootstrapped with a paycheck, and had built an over $15 Million revenue global business with a small amount of funding when we spoke in 2021. Excellent story! Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from? Where were